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LUCRF Super

Past 5-year return
6.84%
Admin fee
$92
Calculated Fees on 50k
$557
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Strong investment returns and low fees.
In-house contact centre and administration.
Commission-free financial advice.
Flexible insurance.
Secure mobile app and online account access.
LUCRF Super was established in 1978 to provide for the retirement needs of members employed within a wide range of industries. The fund is a public offer fund and allows members from all industries to apply for membership. The fund continues to demonstrate a strong commitment to environmental and social principles and is Infinity Recognised.LUCRF Super offers an investment menu of 5 diversified options and 5 single sector options. The MySuper Balanced (default) option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. The fund does not charge a buy-sell spread, although an exit fee will be charged on transfers from the account.LUCRF Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection is available covering up to 85% of salary with a 2 year or 5 year benefit period following a 30, 60 or 90 day waiting period. LUCRF Super offers access to free consolidation and lost super search services, as well as member education programs and a mobile app. The LUCRF Community Partnership Trust continues to be actively involved in numerous community projects across Australia that reflect the core values of LUCRF, its employers and members.
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Fees & fund features

Admin fee
Admin fee
$92
Administration fee (%)
Administration fee (%)
0.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.39%
Exit fee
Exit fee
$24
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.33%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$92
Administration fee (%)
Administration fee (%)
0.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.39%
Exit fee
Exit fee
$24
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.33%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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FAQs

You can withdraw your superannuation when you meet the ‘conditions of release’. The conditions of release say you can claim your super when you reach:

  • Age 65
  • Your ‘preservation age’ and retire
  • Your preservation age and begin a ‘transition to retirement’ while still working

The preservation age – which is different to the pension age – is based on date of birth. Here are the six different categories:

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60

A transition to retirement allows you to continue working while accessing up to 10 per cent of the money in your superannuation account at the start of each financial year.

There are also seven special circumstances under which you can claim your superannuation:

  • Compassionate grounds
  • Severe financial hardship
  • Temporary incapacity
  • Permanent incapacity
  • Superannuation inheritance
  • Superannuation balance under $200
  • Temporary resident departing Australia

 

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